When Can We Expect A Rebound For Solana, Ethereum, And XRP After The Correction? On‑Chain Data Explains

Solana, Ethereum, and XRP have recently experienced a correction. Investors and enthusiasts are eager to know when these cryptocurrencies might rebound. On-chain data offers insights into potential timelines and factors influencing their future performance. Discover which coins show signs of growth.

Solana Market: Downtrend Remains with Key Support in View

SOL experienced a decline of 6.22% over the last month and a loss of 19.91% in the past six months. The asset also faced a weekly drop of 1.11%, indicating persistent seller pressure. Price movements have been volatile, as the coin struggles to establish a solid upward trajectory. Recent performance highlights a market that is cautious and reactive to shifting buyer sentiment.

Currently, SOL trades between $104 and $213.04. The nearest resistance levels are at $277.85 and $386.39, while support is identified at $60.77. The bearish sentiment dominates the market, with no clear long-term trend visible. Traders might look for opportunities to engage when a breakout occurs or when a strong price bounce from support is evident.

Ethereum Experiences Bearish Pressure with Significant Declines

Ethereum prices dropped 19.44% in the past month and 29.14% over the last six months. Such declines and reduced momentum indicate persistent bearish pressure and cautious investor sentiment. The trend has remained downward, with short-term setbacks impacting the overall market positioning and leading to a lack of confidence among traders.

Currently, Ethereum trades between $1766 and $3020.96. Immediate support is at $1294.44, while resistance lies around $3803.76, with a second resistance at $5058.42. Bearish signals prevail, marked by negative momentum and a sub-40 RSI. Trading strategies may involve short positions near resistance or waiting for price stability around key support levels before making moves.

XRP: Six-Month Surge Amid Recent Pullback and Key Price Levels

XRP dropped 2.69% over the past month while surging 233.49% in the last six months. This reflects a period of short-term weakness amid a strong recovery over the longer term. The substantial six-month gain indicates renewed investor interest and resilience during volatile market conditions.

The current price range is between $1.60 and $2.88, with resistance at $3.61 and support at $1.06. Bearish signals from a negative momentum indicator suggest market caution. No clear trend is visible, making it sensible to consider trades that test support levels or aim for a break above resistance toward $4.89.

Conclusion

The recent correction in the crypto market has affected SOL, ETH, and XRP. On-chain data suggests signs of potential rebounds. Key metrics indicate strengthened network activity for these coins. SOL shows increased transactions and active addresses. ETH’s upcoming updates could drive renewed interest. XRP benefits from growing transaction volumes and legal developments. These factors point to possible recovery for SOL, ETH, and XRP.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.